ArabFinance: The board of directors of Qatar National Bank Alahli (QNB Al Ahli) (QNBA) has decided to change its cash dividends proposal, according to a filing to the Egyptian Exchange (EGX) on Thursday.

Accordingly, the bank will distribute EGP 0.75 per share in cash dividends, instead of EGP 1.3 per share.

It is worth noting that QNB Al Ahli reported a 2% year-on-year (YoY) increase in its consolidated net profit for the year ended December 31st 2021.

QNB Alahli, formerly National Societe Generale Bank, is an Egypt-based bank that offers corporate and retail banking to corporate, and medium and small enterprises, as well as individuals.

The bank is organized into three business segments: retail banking, corporate and investment banking, and Tawazon Fund.